CLINTON HILL COMMUNITY APARTMENTS (EIN 510199145) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1972

Legal Domicile

Principal Officer

ANTHONY KERR

Phone

9733714500

Tax Period

2023-01-01 to 2023-12-31

CLINTON HILL COMMUNITY APARTMENTS, founded in 1972, is a community nonprofit in the Housing & Shelter sector that reported $2.1M in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. Expenses of $2.5M exceeded revenue, resulting in a 17% operating deficit.

Mission

To provide affordable housing to low income families in Newark, NJ. under Section 236 of the National Housing Act. The project is funded by HUD

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,981,345

Investment Income $445

Other Revenue $129,454

TOTAL REVENUE $2,111,244

Expense Breakdown

Grants Paid $0

Salaries & Benefits $499,080

Fundraising Expenses $0

Program Expenses $1,924,795

Other Expenses $1,961,852

TOTAL EXPENSES $2,460,932

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,111,244	$2,291,019	-0.1%
Expenses	$2,460,932	$2,555,134	0.0%
Net Income	$-349,688	$-264,115	+0.3%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$1,350

Total Directors

$1,350

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANTHONY KERR	BOARD CHAIR	3	Officer Director	$1,350	$0	$1,350
SOLEYMANE TOURE	BOARD MEMBER	1	Director	$0	$0	$0
EDWARD HAYNES	BOARD MEMBER	1	Director	$0	$0	$0
TYLASHA WILLIAMS	BOARD MEMBER	1	Director	$0	$0	$0
WALTER MELVIN	BOARD MEMBER	1	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$2,111,244	$2,460,932	$2,983,130	$-349,688
2022	$2,291,019	$2,555,134	$3,383,294	$-264,115
2021	$2,417,803	$2,256,647	$3,523,648	$161,156
2020	$2,453,663	$2,300,661	$3,700,726	$153,002
2019	$2,533,848	$2,441,539	$4,012,748	$92,309
2018	$2,424,283	$2,234,723	$4,375,251	$189,560

CLINTON HILL COMMUNITY APARTMENTS